Welcome to our dedicated page for Dominion Energy news (Ticker: D), a resource for investors and traders seeking the latest updates and insights on Dominion Energy stock.
Dominion Energy, Inc. (NYSE: D) is a regulated utility headquartered in Richmond, Virginia that provides electricity to about 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to approximately 500,000 customers in South Carolina. The company’s news flow reflects its role in regulated power and gas distribution, large-scale clean energy projects, and ongoing engagement with regulators, investors, and customers.
On this page, readers can follow Dominion Energy news related to quarterly and annual earnings announcements, dividend declarations, and guidance updates, as described in the company’s press releases and Form 8-K filings. These items often include discussions of GAAP and non-GAAP operating earnings, segment performance for Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy, and commentary on factors affecting results.
Dominion Energy’s news also covers project and regulatory developments, such as updates on the Coastal Virginia Offshore Wind (CVOW) project and actions by the U.S. Department of the Interior’s Bureau of Ocean Energy Management. Statements from the company describe how CVOW and other projects relate to Virginia’s growing energy demand, national security considerations, and the expansion of offshore wind and solar power.
Customer-focused announcements highlight energy-saving programs, bill management tools, and assistance options, including Peak Time Rebates, virtual energy audits, home energy evaluations, Energy Usage Alerts, Budget Billing, and bill payment assistance programs. Dominion Energy also issues seasonal reminders on topics such as utility scam awareness.
By reviewing the news feed for D, investors and observers can see how Dominion Energy communicates about its financial performance, regulatory environment, major capital projects, customer programs, and risk factors that may influence its long-term utility operations.
Southwest Gas Holdings (SWX) announced the acquisition of Dominion Energy Questar Pipeline for $1.545 billion in cash, along with assuming $430 million in debt. The acquisition targets a strategic enhancement in the Rocky Mountain region, adding 2,160 miles of FERC-regulated pipelines. Expected to close by December 31, 2021, the deal aims to be accretive to earnings per share in 2022, providing increased cash flow and value for shareholders. The transaction marks a significant step in Southwest Gas's energy transition strategy.
Dominion Energy (NYSE: D) has signed a definitive agreement to sell Questar Pipelines to Southwest Gas Holdings Inc. for $1.975 billion, including $430 million in debt. This transaction focuses on its FERC-regulated assets in Utah, Wyoming, and Colorado, expected to close in Q4 2021, pending regulatory approvals. Proceeds will reduce parent-level debt and support Dominion's capital plan for major decarbonization efforts. The sale aligns with the company’s strategy to enhance its clean-energy portfolio and utility service capabilities.
Dominion Energy Virginia, along with NABTU and state affiliates, reaffirms its commitment to a unionized workforce for the Coastal Virginia Offshore Wind (CVOW) project. They aim to promote local hiring, veteran training, and inclusivity for disadvantaged communities. The CVOW project, the largest of its kind in the U.S., is set to produce 2.6 gigawatts of energy by 2026, powering up to 660,000 homes. This initiative could create 1,100 jobs and generate $210 million in annual economic benefits in Hampton Roads. Governor Northam highlights the project's role in enhancing clean energy jobs in Virginia.
Dominion Energy Virginia has proposed a transformative expansion of solar and energy storage projects in Virginia, filing with the State Corporation Commission. This initiative includes 11 utility-scale solar projects, two small-scale solar projects, and a combined solar and storage project, aiming to deliver over 1,000 MW of carbon-free electricity. With an estimated economic impact of $880 million and the potential to create 4,200 clean energy jobs, this move is positioned as a significant step toward the Virginia Clean Economy Act's goals. Residential customer bills are expected to increase by approximately $1.13 monthly.
Dominion Energy and The Nature Conservancy have joined forces to develop the Highlands Solar project on former coal mine sites in Southwest Virginia. This initiative will cover approximately 1,200 acres and produce around 50 megawatts of solar energy, enough to power 12,500 homes. The project aims to stimulate local economies, increase tax revenues, and create clean energy jobs. It aligns with Virginia's goals for a 100% clean energy economy by 2045. Construction is expected to begin in 2024 or 2025, pending approvals.
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Dominion Energy is offering $1.5 million in environmental grants through its Charitable Foundation, encouraging nonprofits and educational organizations to apply. Since 2003, the foundation has donated nearly $37 million to various environmental projects. Eligible organizations from states like Virginia and North Carolina can seek funding for short-term projects focused on environmental education and habitat preservation. This initiative aims to foster environmental stewardship and improve community resources.
Dominion Energy (NYSE: D) has announced the redemption of its 2016 Series A 5.25% Enhanced Junior Subordinated Notes due 2076, totaling $800 million in outstanding principal. The redemption is set for August 31, 2021, with a price of 100% of the principal plus accrued interest of $0.109375 per $25. The decision aligns with the company's strategy to optimize its fixed income obligations. The Paying Agent for this transaction is Deutsche Bank Trust Company Americas.
Dominion Energy Ohio emphasizes the importance of calling 811 before any digging project, in recognition of National 811 Day on August 11. This law mandates notifying Ohio811 to mark underground utility lines, significantly enhancing safety and preventing service interruptions. The service is free and should be used by both professionals and DIYers. Notably, striking utility lines can lead to hazardous situations and expensive repairs, underscoring the need for this precautionary step. Dominion Energy is committed to providing reliable and safe energy to its customers.